Uncategorized
Paving the Way to Breathtaking Vistas: Bokor Mountain’s New Access Road On Track
In a significant stride towards enhanced connectivity and accessibility, the construction of the 61-kilometre road linking National Road No. 4 to the picturesque Bokor Mountain is now underway. Okhna Sok Kong, President of Sokha Hotel, conducted an inspection on 28 December 2023, revealing that the project has commenced the concrete pouring phase, a pivotal step […]
Read More
Japan to Transform Cambodian Agriculture with Expansion of Cashew Processing Plant in Preah Vihear
Mirarth Agri Teach Co., Ltd., a Japanese enterprise, has unveiled plans to significantly expand its cashew processing plant in Preah Vihear province. The ambitious project, discussed during a meeting on 25 December 2023, between HE Dr Eang Sophalleth, Minister of Environment, and Mr Sasaki Koji, CEO of Mirarth Agri Teach Co., Ltd, seeks to amplify […]
Read More
Five EU Countries Invests €5Billion in “Rail Baltica”, An Unprecedented Model for Global Infrastructure
In a groundbreaking initiative to transform Baltic connectivity, “Rail Baltica” emerges as a trailblazing greenfield rail transport infrastructure project. This ambitious endeavor seeks to seamlessly integrate the Baltic States into the European rail network, involving five European Union countries: Poland, Lithuania, Latvia, Estonia, and indirectly, Finland. A monumental leap in regional development, it stands as […]
Read More
Beijing Urban Construction Group Explores Water Treatment Initiatives in Cambodia
Samdech Hun Manet, Prime Minister of Cambodia met with Mr Li Daosong, President of Beijing Urban Construction Group Co., LTD (BUCG) at the Peace Palace on 7 December 2023 who shared details about the company’s plans to conduct feasibility studies for water treatment projects in Cambodia. The proposed initiatives focus on establishing water treatment systems […]
Read More
Cambodian Gov’t Abandons US$1.5billion Coal Power Plant for Sustainable Energy Future
In a monumental shift towards environmental responsibility, Cambodia has chosen to forgo the construction of a US$1.5 billion 700MW coal-fired power project in a protected reserve along the southwestern coast. Instead, the nation is set to embrace a cleaner future by establishing an 800MW natural gas-fired plant, revealed HE Keo Rottanak Minister of Mines and […]
Read More
Construction Begins on US$400m Tatai Hydropower Dam Generating 150MW
The groundbreaking ceremony for the Tatai Hydropower Dam project, also known as the Ta Tay Leu Dam, worth nearly US$400 million took place in Thmar Bang district, Koh Kong province. Presided over by Samdech Moha Bovathibodi Hun Manet, PM of Cambodia on 30 November 2023, the event marked the initiation of a transformative venture set […]
Read More
Gov’t Invests in Tomorrow’s Digital Leaders with Community Technology Centres in High Schools
The Ministry of Posts and Telecommunications and the Ministry of Education, Youth, and Sports have forged a collaborative pact to nurture the nation’s future digital leaders in Cambodia. A Memorandum of Understanding, inked on 9 October 2023, paves the way for the establishment of Community Technology Centres within public high schools, with the aim of […]
Read More
Pioneering the Future of Solar Exploration: UK and Europe Unite to Build Europe’s Largest Solar Telescope in Spain
A groundbreaking collaboration between the University of Sheffield and nine European countries, including the United Kingdom, has been unveiled, heralding the creation of the European Solar Telescope (EST). Poised to be the largest solar telescope in Europe, this ambitious project aims to unlock unprecedented insights into space weather phenomena, revolutionizing our understanding of the sun’s […]
Read More
Stamp Duty Exemption Costs the Gov’t Nearly US$2 Million in Revenue
Over the period spanning from February 25, 2020, to May 2023, the General Department of Taxation (GDT) has granted stamp duty exemption on the transfer of ownership or possession of immovable properties. According to the GDT’s weekly newsletter published on June 29, a total of 1,022 documents were exempted, resulting in a cumulative tax amount […]
Read More
UN, GGGI, and Cambodia Government Join Forces to Empower Green Bond Issuers
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Global Green Growth Institute (GGGI), and the Securities and Exchange Regulator of Cambodia (SERC) have partnered with the Credit Guarantee and Investment Facility (CGIF) and GuarantCo to launch the Cambodia Sustainable Bond Accelerator (CSBA), an initiative designed to provide crucial support […]
Read More